More Questions on Indian Economy
- Q. Short-term finance is usually for a period ranging up to
A)10 months
B)12 months
C)5 months
D)15 months
Answer: 12 months
- Q. The Foreign Exchange Management Act(FEMA) was passed in:
A)the year 2005
B)the year 1999
C)the year 2000
D)the year 2002
Answer: the year 1999
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of domestic goods remain constant
C)prices of imports remains constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of flower
C)production of tea
D)production of paddy
Answer: production of oil seeds.
- Q. Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by:
A)Madhya Pradesh government
B)Uttar Pradesh government
C)Haryana
D)none of the above
Answer: Madhya Pradesh government
- Q. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
A)decrease it
B)increase it
C)no impact
D)None of the above
Answer: increase it
- Q. Which of the following is the most appropriate cause of export surplus?
A)Country's stringent import policy
B)Country's exports promotion value
C)Developments in national and international markets
D)None of the above
Answer: Developments in national and international markets
- Q. In November 2007, the finance commission constituted by the president of India was:
A)Tenth
B)Thirteenth
C)Ninth
D)Eleventh
Answer: Thirteenth
- Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
A)II
B)I
C)I, II
D)II, III
Answer: II
- Q. Who is the author of the book Man and Economics?
A)Robert Mundel
B)Myron Scholes
C)Rudi Dornbusch
D)George Akerlof
Answer: Robert Mundel
- Q. Which of the following items would not appear in a company’s balance sheet?
A)Total issued capital
B)Value of stocks of raw materials held
C)Revenue from sales of the company's products
D)Cash held at the bank
Answer: Revenue from sales of the company's products
- Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
A)83 percent
B)80 percent
C)90 percent
D)100 percent
Answer: 100 percent
- Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
B)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
C)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
- Q. Where was first gold refinery established?
A)Shirpur (Maharashtra)
B)Bangalore (Karnataka)
C)Ahmedabad (Gujarat)
D)Mumbai (Maharashtra)
Answer: Shirpur (Maharashtra)
- Q. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A)Services sector
B)Chemicals other than fertilizers
C)Food processing
D)Telecommunication
Answer: Telecommunication
- Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
A)Rs. 25,000 crores
B)Rs. 1,00,000 crores
C)Rs. 50,000 crores
D)Rs. 1,25,000 crores
Answer: Rs. 50,000 crores
- Q. Devaluation of a currency means
A)reduction in external value/exchange value of currency by the government
B)reduction in currency value due to wear and tear
C)fall in exchange value of a country by market forces
D)all of the above
Answer: reduction in external value/exchange value of currency by the government
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Custom duties
C)Inheritance tax, wealth tax, interest tax and gift tax
D)Excise duties
Answer: Excise duties
- Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
A)20 to 25 percent
B)15 to 20 percent
C)25 to 30 percent
D)30 to 35 percent
Answer: 20 to 25 percent
- Q. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:
A)the year 2000
B)the year 2003
C)the year 2005
D)the year 2001
Answer: the year 2003
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